MIRA
INFORM REPORT
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Report Date : |
22.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
KANZA GROUP |
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Registered Office : |
16 El Fallah Street, Mohandessin,
Giza, Cairo |
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Country : |
Egypt |
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Financials (as on) : |
31/12/2006 |
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Date of Incorporation : |
1995 |
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Com. Reg. No.: |
290442 |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Commercial agents in the field of agricultural chemicals such as sprayers, insecticides, fertilizers and veterinary preparations. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 100000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : KANZA GROUP
Country of Origin : Egypt
Legal Form : Egyptian Joint Stock Company
Registration Date : 1995
Commercial Registration Number : 290442
Authorised Capital : £E 2,000,000
Issued Capital : £E 1,000,000
Paid up Capital : £E 1,000,000
Total Workforce : 35
Line of Business :
Commercial agents in the field of agricultural
chemicals such as sprayers, insecticides,
fertilizers
and veterinary preparations.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
KANZA GROUP
ADDRESS
Registered & Physical Address
Street : 16 El Fallah Street
Area : Mohandessin, Giza
Town : Cairo
Country : Egypt
Telephone : (20-2) 33053601 / 33053602 / 33450251
Facsimile : (20-2) 33053605
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Cairo.
Branch Office (s)
Location Description
· 9 El Demerdash
Building Rented
sales office
Abbasseya
Cairo
Tel:
(20-2) 24854711
Fax:
(20-2) 24835543
KEY PRINCIPALS
· Ayman
Zedan Abd El Hamid Managing
Director
· Amr
Zedan Abd El Hamid Director
· Khaled
Zedan Abd El Hamid Director
· Zedan
Abd El Hamid Abd El Hamid Director
· Nagwa
Mohamed Abd El Hamid Director
· Maged
Bashar General
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 1995
Legal Form : Societe Anonyme
Egyptienne – SAE (Egyptian Joint Stock
Company)
Commercial Reg.
No. : 290442
Authorised Capital : £E 2,000,000
Issued Capital : £E 1,000,000
Paid up Capital : £E 1,000,000
Name of Shareholder
(s) Percentage
· Ayman
Zedan Abd El Hamid 20%
· Amr
Zedan Abd El Hamid 20%
· Khaled
Zedan Abd El Hamid 20%
· Zedan
Abd El Hamid Abd El Hamid 20%
· Nagwa
Mohamed Abd El Hamid 20%
Note to the Legal
Form
The Egyptian Company Law provides that the capital of a Societe
Anonyme Egyptienne - SAE – should not be less than £E 500,000 if shares are
offered to the public and £E 250,000 if not. If shares are offered to the
public they are freely transferable, if not, transfer may be restricted.
Liability of shareholders is limited.
LINE OF BUSINESS
Operations : Commercial agents in the field of agricultural chemicals
such as sprayers, insecticides, fertilizers and veterinary preparations.
Import Countries : Japan
Operating Trend : Steady
Subject has a workforce of 35 employees.
FINANCIAL HIGHLIGHTS
Financial highlights provided by outside sources are given below :
Currency : Egyptian Pounds (£E)
Year
Ending 31/12/05: Year
Ending 31/12/06:
Total Revenue £E
5,750,000 £E 6,800,000
Local sources consider subject’s financial condition to be Fair.
BANKERS
·
Banque Misr
151 Mohamed Farid
Street
Cairo
Tel : (20-2)
3912711 / 3912106
Fax : (20-2)
3919779
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the credit figure of US$ 100,000:
During the course of this investigation nothing detrimental was
uncovered regarding subject’s operating history or the manner in which payments
are fulfilled. As such the company is considered to be a fair trade risk and
the above credit figure is within subject’s financial means.
Maximum suggested credit figure: US$ 100,000
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)